US Housing

US Housing Market Chart Book

10 December, 2018

Dip in mortgage interest rates boosts housing demand

A drop in mortgage interest rates in November led to a welcome boost in mortgage demand, which has risen to a five-month high. That should provide some support to home sales over the next month or two. New home sales dropped to a 2½-year low in October, which has contributed to a sharp drop in homebuilder confidence. But slowing home sales and strong household formation have supported rental demand. While house price growth has been slowing since March, rental growth on the CPI measure held at 3.6%

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.